\r\nThe latest agreement defines common technical standards, route, project deadlines, financing, and co-operation with Poland and Finland, and commits the Baltic States to completing the project in 2025. The deal will now be sent to the parliaments of the three countries for ratification.\r\n\u201cThe agreement sends a very important message to our European Union partners \u2013 the Baltic states have come together and made a clear commitment to this strategic infrastructure project,\u201d says Lithuanian prime minister Mr Saulius Skvernelis \u201cIt is now essential to ensure adequate support for Rail Baltica in the EU budget after 2020.\u201d\r\nRB Rail, the joint venture established by the three Baltic States in October 2014 to coordinate implementation of the project, established subsidiaries in Lithuania and Estonia in December. Mr Edv\u012bns B\u0113rzi\u0146\u0161 was appointed chairman of the RB Rail supervisory board last month.\r\nIn November, the European Union Innovation and Networks Executive Agency (INEA) and RB Rail signed a \u20ac225m grant agreement, which is being funded through the EU\u2019s Connecting Europe Facility (CEF). Lithuania\u2019s \u20ac213m share of the grant will fund construction on a 55km section from the standard-gauge railhead at Kaunas to Panevezys and the Latvian border. It will also be used to fund a study into upgrading the exsing section of Rail Baltica between the Polish border and Kaunas to meet the standards adopted for the rest of the project.\r\nThe second CEF grant takes EU co-financing for the project to \u20ac633m.